Romania's central bank revises inflation forecast and puts further rate cuts on hold
The National Bank of Romania (BNR) revised upward the inflation projection under the updated Inflation Report to 4.9% at the end of 2024 from 4.0% and to 3.5% at the end of 2025 from 3.4% – adding that this trajectory doesn't include the…
iulian ernst · Journalist
· Updated · 2 min read
The National Bank of Romania (BNR) revised upward the inflation projection under the updated Inflation Report to 4.9% at the end of 2024 from 4.0% and to 3.5% at the end of 2025 from 3.4% – adding that this trajectory doesn't include the effects of the fiscal and budgetary correction that the government will operate at the beginning of 2025.
The report reads that the balance of risks to the future evolution of the annual inflation rate (chart) is assessed to remain tilted to the upside. The baseline scenario is built on the principle that fiscal measures are included in it only after their enactment into law or at least once they are due for enactment.
